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Investing in Raw Land

When many people think about investing in property, they think about purchasing income-producing real estate such as a residential property or an office building with tenants. There are many benefits associated with investing in income-producing property. For example, these properties may produce rent that can offset your ownership expenses. However, buying raw land can also be an excellent long-term investment strategy.

By learning more about the benefits of investing in raw land, you may be ready to start searching for a real estate mortgage to invest in soon.

Minimal Ownership Expenses

Raw land will not have as many ownership expenses as land. This property may not produce rental income for you, but you also will not have to maintain or repair a building or pay for property insurance. Property taxes and a mortgage payment may be lower as well. Typically, your main expense will be the mortgage payment, and this may be far less than a mortgage payment on developed land.

Essentially you will be able to pay for the property outright to have no expenses or to leverage your investment and make affordable mortgage payments on your investment.

Significant Potential Gain

There is a significant potential for long-term financial gain with your purchase of raw land. You can adjust the zoning or subdivide the property as desired. You can also wait for urban growth to reach the area and drive up demand and value for the property. It can be difficult to predict when the property value will increase. However, when you select a property in an area that seems to be growing, you may expect there to be some demand for that property in the coming years. Many who have invested in raw land may realize a significant gain when they make plans to hold onto the property for several years or longer before selling it.

Before you make any financial investment, it is important that you consider the amount of time that you wish to hold the investment before seeing a return on it. With raw land, you generally need to anticipate hanging onto the asset for several years or even decades before receiving a financial gain.

Land is a limited resource, and there is increasing demand for it as populations grow in many areas. With this in mind, you can generally expect most property values to eventually increase over time.

Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply.
This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

PRMI NMLS 3094. PRMI is an Equal Housing Lender. This is not a commitment to lend. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification.

* Closing costs and fees may apply.

Notwithstanding any current or prior election to opt in or opt out of receiving telemarketing calls or text messages from our agents or representatives calling on our behalf, you expressly consent to be contacted for any purposes relating to your loan at any telephone number, or physical or electronic address you have provided. By submitting your information, you agree we may contact you in any way, including SMS messages, calls using prerecorded messages or artificial voice, and calls and messages delivered using an auto dialing system or an automatic texting system. You may contact Privacy@primeres.com or Compliance@primeres.com to opt out at any time. You may also contact us by phone 1-800-255-2792 ext. 1000025